Intech Investment Management LLC Has $1.47 Million Stake in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Intech Investment Management LLC lowered its holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG) by 42.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,372 shares of the business services provider’s stock after selling 37,637 shares during the quarter. Intech Investment Management LLC’s holdings in Interpublic Group of Companies were worth $1,465,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. UMB Bank n.a. increased its position in shares of Interpublic Group of Companies by 3.5% during the first quarter. UMB Bank n.a. now owns 9,607 shares of the business services provider’s stock worth $313,000 after acquiring an additional 321 shares in the last quarter. Legacy Wealth Asset Management LLC raised its stake in shares of Interpublic Group of Companies by 3.3% in the first quarter. Legacy Wealth Asset Management LLC now owns 10,923 shares of the business services provider’s stock worth $356,000 after purchasing an additional 347 shares during the last quarter. Richardson Financial Services Inc. lifted its holdings in shares of Interpublic Group of Companies by 8.4% in the first quarter. Richardson Financial Services Inc. now owns 4,530 shares of the business services provider’s stock valued at $148,000 after purchasing an additional 350 shares in the last quarter. Assetmark Inc. boosted its position in shares of Interpublic Group of Companies by 27.5% during the fourth quarter. Assetmark Inc. now owns 1,706 shares of the business services provider’s stock valued at $56,000 after buying an additional 368 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in Interpublic Group of Companies by 2.2% during the second quarter. Farther Finance Advisors LLC now owns 17,584 shares of the business services provider’s stock worth $494,000 after buying an additional 382 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Macquarie cut their price objective on shares of Interpublic Group of Companies from $33.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, July 25th. JPMorgan Chase & Co. cut their price target on shares of Interpublic Group of Companies from $37.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, July 12th. Morgan Stanley lowered shares of Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $34.00 to $28.00 in a research note on Monday, July 22nd. Barclays cut their target price on Interpublic Group of Companies from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 25th. Finally, UBS Group downgraded Interpublic Group of Companies from a “neutral” rating to a “sell” rating and decreased their price target for the company from $34.00 to $29.00 in a research report on Thursday, September 12th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $33.00.

Interpublic Group of Companies Price Performance

Interpublic Group of Companies stock opened at $31.22 on Wednesday. The business’s 50 day simple moving average is $31.06 and its 200 day simple moving average is $30.93. The Interpublic Group of Companies, Inc. has a 12 month low of $27.20 and a 12 month high of $35.17. The company has a market cap of $11.78 billion, a price-to-earnings ratio of 11.11, a PEG ratio of 5.17 and a beta of 1.10. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.75.

Interpublic Group of Companies (NYSE:IPG) last posted its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.02. Interpublic Group of Companies had a return on equity of 27.98% and a net margin of 9.46%. The company had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.33 billion. During the same quarter in the prior year, the company earned $0.74 EPS. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. Sell-side analysts forecast that The Interpublic Group of Companies, Inc. will post 2.82 EPS for the current year.

Interpublic Group of Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.23%. The ex-dividend date of this dividend was Tuesday, September 3rd. Interpublic Group of Companies’s dividend payout ratio (DPR) is currently 46.98%.

About Interpublic Group of Companies

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. It operates in three segments: Media, Data & Engagement Solutions, Integrated Advertising & Creativity Led Solutions, and Specialized Communications & Experiential Solutions. The Media, Data & Engagement Solutions segment provides media and communications services, digital services and products, advertising and marketing technology, e-commerce services, data management and analytics, strategic consulting, and digital brand experience under the IPG Mediabrands, UM, Initiative, Kinesso, Acxiom, Huge, MRM, and R/GA brand names.